Premier African Minerals (LON:PREM) Reaches New 12-Month Low – Here’s Why

Premier African Minerals Limited (LON:PREM) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.03 ($0.00), with a volume of 617330625 shares trading hands. The stock had previously closed at GBX 0.03 ($0.00).

Analyst Ratings Changes

Separately, Shore Capital reissued a “house stock” rating on shares of Premier African Minerals in a research note on Wednesday, October 16th.

Premier African Minerals Price Performance

The company has a market capitalization of £9.26 million, a price-to-earnings ratio of 2.25 and a beta of 0.99. The company’s 50 day simple moving average is GBX 0.04 and its 200-day simple moving average is GBX 0.05. The company has a current ratio of 0.13, a quick ratio of 2.54 and a debt-to-equity ratio of 0.97.

Premier African Minerals Company Profile

Premier African Minerals Limited, together with its subsidiaries, engages in the mining, exploration, evaluation, development, and investment of natural resource properties on the African continent. It explores for tungsten, lithium, tantalum, fluorspar, potash, and gold deposits. The company holds interests in RHA Tungsten mine, Katete REE project, zulu project, and Tinde projects in Zimbabwe, as well as properties in Mozambique.